The forecast for India's fossil fuel consumption support shows a consistent decline from 2024 to 2028, decreasing from 2.9% to 1.64% of tax revenue. Year-on-year, this represents an average reduction of approximately 8% per year. The compounded annual growth rate (CAGR) indicates a steady downward trend in fossil fuel support, underlining a shift towards reduced reliance over this period.

Future trends to watch for include:

Government initiatives promoting renewable energy sources.
Regulatory changes affecting fossil fuel subsidies.
Technology advancements that may accelerate the transition to clean energy.
Economic factors such as changes in global oil prices impacting domestic policies.